Auditor Publishes Damning Report Alleging Chronic Mismanagement of D.C.’s $1 Billion Affordable Housing Fund | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: The first-ever comprehensive audit of D.C.’s Housing Preservation Trust Fund—a nine-figure coffer that provides loans and grants to developers across D.C., and is in many ways the backbone of D.C.’s affordable housing effort—is a damning one, indicating that chronic mismanagement of the fund by the Department of Housing and Community Development (DHCD) has likely wasted tens of millions of dollars, a report published this morning by the office of the D.C. auditor says.)